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TOSS Legislative Conference

The Tennessee FY15 budget faces significant challenges, with $260 million in new funds but a $170 million shortfall in revenue projections. Mandatory growth areas consume much of this budget, including $180 million for TennCare and $47 million for BEP growth. The education sector will see a $63 million salary increase for teachers and new funding initiatives. However, many agencies face cuts, resulting in a net loss of 664 state government positions. Key issues include the exploration of new BEP formulas, Common Core standards, and higher education initiatives.

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TOSS Legislative Conference

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  1. TOSS Legislative Conference Feb. 4, 2014

  2. FY15 Budget Tennessee’s FY15 budget is very tight • $260 million in new money, $170 million short of revenue projections • Mandatory growth takes up all of the revenue growth and then some: • TennCare: $180 million • BEP growth: $47 million • Health insurance costs for state employees: $40 million • Rainy day fund contribution: $40 million • As a consequence, most agencies seeing some cuts in spending (including net loss of 664 state government positions)

  3. FY15 Education Spending • $63 million salary increase for teachers • 2 percent increase in state contribution to BEP salary component (in comparison, state employees to receive 1 percent increase) • $14.5 million for salary equity • $47 million in BEP growth • Funding for additional grant programs, including $3 million in non-recurring funds for Family Resource Centers

  4. BEP Task Force • New task force to review BEP formula over the next year • Precipitated by timing (7 years since last formula change) and general unease with current formula • Task force limited to looking at how to account for funding within current formula, not proposing significant new expenses

  5. Opportunity Scholarships

  6. Other Legislative Issues • Common Core State Standards and PARCC • Data • Textbook commission • Licensure and evaluation

  7. Additional Major Issues • Higher education initiative • 2013-14 focus and accountability • 2014-15 accountability

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